Shalimar Paints Appoints Michael Glover as Independent Director

Shalimar Paints Ltd announced the appointment of Mr. Michael Glover as an Additional Director (Non-Executive Independent Director) effective November 11, 2026. The company's Board of Directors also noted the resignation of its statutory auditors, M/s. Walker Chandiok & Co. LLP, due to potential conflicts arising from a proposed share swap transaction with Hella Infra Market Limited. M/s. Sen & Ray, Chartered Accountants, have been recommended as the new statutory auditors, subject to shareholder approval. The resignation of the previous auditors was accepted after the Audit Committee concurred with their stated reasons.